|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||110.81 - 112.32|
|52 Week Range||76.27 - 112.32|
|PE Ratio (TTM)||23.71|
|Earnings Date||Sep 24, 2018 - Sep 28, 2018|
|Forward Dividend & Yield||3.00 (2.72%)|
|1y Target Est||113.00|
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Over the last one-month, outflows of investor capital in ETFs holding DRI totaled $3.45 billion.
Orlando-based Darden Restaurants Inc. (NYSE: DRI) in June 2017 reported that it seemed to have the "right recipe for success," thanks to its $780 million acquisition of Cheddar's Scratch Kitchen two months earlier. Before joining Cheddar's, Baines had some history in Orlando, as he previously headed up the Smokey Bones restaurant chain, which Darden sold in 2008.
Darden's (DRI) shares gain on the company's efforts to improve the basic operating factors of the business - food, service and atmosphere. However, competition and elevated costs hurt.
LONDON, UK / ACCESSWIRE / July 12, 2018 / If you want access to our free earnings report on Darden Restaurants, Inc. (NYSE: DRI) ("Darden"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=DRI. The Company released its financial results, on June 21, 2018, for the fourth quarter of the fiscal year 2018 (Q4 FY18) and for the full fiscal year 2018 (FY18). The Company reported a y-o-y growth of 10.3% in its quarterly sales, whereas its adjusted diluted earnings per share (EPS) from continuing operations rose 17.8% y-o-y during the reported quarter.
DRI stock trades at an all-time high, and has gained nearly 15% so far this year and 22%+ since the beginning of 2017. As Larry Ramer wisely pointed out back in March, Darden is one of the bigger beneficiaries of tax reform and its lower corporate tax rates. Margin pressure — notably from labor — is a concern.
Get ready, steak fans: LongHorn Steakhouse is opening new restaurants this year, bringing its total local count to 18. The restaurant will open a 5,930-square-foot, 200-seat eatery on July 10 at 5460 W. Oak Ridge Road, as part of the $100 million Grand National project near Orlando International Premium Outlets. LongHorn Steakhouse plans to host a "lasso cutting" ceremony at 2 p.m. on opening day in partnership with the Orlando Inc., the Orlando Regional Chamber of Commerce.
Don't be chicken when it comes to asking for help in how to grill a steak to perfection.
Shares popped 15% on Thursday after the parent of LongHorn Steakhouse, The Capital Grille, Olive Garden, and other chains turned in a relatively solid quarter.
On June 21, Darden Restaurants (DRI) was trading at $107.06. On the same day, analysts were expecting Darden’s stock price to reach $105.86 in the next 12 months, which represents a fall of 1.1% from its current stock price. Darden’s strong fiscal fourth-quarter earnings and optimistic outlook for fiscal 2019 appear to have compelled analysts to raise their target prices on the stock.
NEW YORK, June 26, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Due to the high visibility in Darden Restaurants’ (DRI) earnings, we have opted for the forward PE multiple. Darden’s strong fiscal fourth-quarter earnings and optimistic fiscal 2019 outlook have led to a rise in its stock price and its valuation multiple. As of June 21, Darden was trading at a forward PE multiple of 19.6x compared to 17.2x before the announcement of its fiscal fourth-quarter earnings.
During the fiscal fourth quarter, Darden Restaurants (DRI) posted adjusted EPS of $1.39, a rise of $17.8% from $1.18 in the corresponding quarter of the previous year. The company outperformed analysts’ consensus EPS estimate of $1.35 during the quarter.
During the fiscal fourth quarter, Darden Restaurants (DRI) posted an EBIT margin of 10.9% compared to 10.6% in the corresponding quarter of the previous year.
By the end of the fiscal fourth quarter, Darden Restaurants (DRI) operated 1,746 restaurants, including 856 Olive Garden restaurants, 504 LongHorn Steakhouse restaurants, 156 Cheddar’s, 72 Yard House, 58 the Capital Grille, 39 Bahama Breeze, 42 Seasons 52, and 19 Eddie V’s restaurants.
Darden Restaurants (DRI) has posted systemwide SSSG (same-store sales growth) of 2.2%, with seven out of its eight brands posting positive SSSG.
The restaurant space has been on a tear in recent months, with names like Chipotle CMG , Darden Restaurants DRI and Cheesecake Factory CAKE soaring double digits. Some market watchers are cautious on the stocks, given how far many of them have come. Darden Restaurant's notable move Thursday, following a strong earnings report , underscores the group's big run.
Darden Restaurants (DRI) posted adjusted revenue of $2.13 billion in the fiscal fourth quarter, a rise of 10.3% from $1.9 billion in the corresponding quarter of the previous year. The company outperformed analysts’ consensus estimate of $2.12 billion.